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Suppose you own a home re-modelling company. You are currently earning short-run profits. The home re-modelling industry is an increasing-cost industry. In the long run what do you expect will happen?
Your firm's cost of production? Explain
Explain why Brownstown's management was reluctant to release this information to its lenders.
Suppose that Demand and Supply curves for coffee bean is given by-What value of t maximizes Government's tax revenue?
Find out an article which is related to health economics from health journal. Some possible sources include Health Affairs
Fill in the missing data for price (P), total revenue(TR), marginal revenue (MR), total cost (TC), marginal cost (MC), profit (π), and marginal profit (Mπ) in the following table:
Discuss the feasibility of lower middle or low income countries resorting to fiscal stimulus to stave off recessions in their own economies. You can use one or more countries as examples.
Explain all your answers below clearly, including brief definitions of each term.
How many "spells" of unemployment occur each year in this economy? What percentage of the "spells" are only one month long?
Discuss briefly what you think the way in which the HDI is constructed. (Briefly means no more than five lines of text. Excesses are severely penalised.)
Compute the income elasticity of demand for product below, by using average values for quantities and incomes.
The following quotations are from an article in the Financial Times on November 9, 2007:
Using the IS/LM/BP model, demonstrate the effect of each of the following changes. Assume that the economy is a small country with perfect capital mobility and a flexible exchange rate.
Suppose there is an increase in risk aversion by wealth holders in the sense that, other things equal, they want to hold more of their wealth in money (bank deposits) and less in securities.
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